Mexico central bank sets the benchmark interest rate at 11.25% unchanged.Board was unanimous on rate decisionIn order to achieve orderly, sustained convergence of headline inflation to 3% target, it will be necessary to maintain the reference rate at current level for some time.Inflation is projected to converge to the 3% target in Q2 of 2025.Balance of risks for trajectory of inflation within the forecast horizon remains biased to the upsideAlthough the outlook remains complicated, progress on disinflation has been made.Forecasts Q4 2023 headline inflation at 4.4% versus 4.4% last. Inflation outlook is still challenging.Acknowledges progress of the disinflationary processing Mexico.Mexican
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